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Glassnode Co-Founders Predict Bitcoin Has Bottomed Out, Say One Altcoin Checks All the Boxes for Incoming Rally

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The co-founders of the crypto analytics platform Glassnode believe that Bitcoin (BTC) may start heading higher after retracing to the low $90,000s based on one metric. Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,200 followers on the social media platform X that Bitcoin’s correction may be over after long-term holders (LTHs) sold less than in the first quarter of the year. LTHs are addresses that hold coins for at least 155 days and they tend to exit the market when BTC makes a bull run. “Long-term holders have taken profits near $100,000, but not as aggressively as in Q1. The lack of continuous realized profit spikes suggests fewer LTHs exited during this correction – possibly signaling we’ve already hit the bottom.” Source: Negentropic/X Bitcoin is trading for $96,726 at time of writing. Next up, the analysts are suddenly turning bullish on the artificial intelligence (AI)-based crypto project the Arti...

Analyst Says It’s Time for Bitcoin Rallies, Updates Forecast on FET and Solana-Based Memecoin

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A closely followed crypto analyst and trader believes that Bitcoin (BTC) has more gas left in the tank despite its latest surge. Pseudonymous analyst Altcoin Sherpa tells his 224,900 followers on the social media platform X that he’s bullish on Bitcoin after reclaiming support at around $60,000. According to the trader, he expects the latest surge to take Bitcoin close to $70,000. “BTC time for $68,000+. Liquidity got taken out below that recent wick low, let’s see if we can get the highs. After that? no clue. But still bullish until shown otherwise.” Source: Altcoin Sherpa/X At time of writing, Bitcoin is trading for $65,942, up over 5% on the day. Looking at the native asset of the Artificial Superintelligence Alliance (FET), the analyst says that while he’s bullish on the altcoin, he thinks it will likely trade sideways in the coming days. “FET pretty neutral price action, wouldn’t be surprised to see this chill o...

Here’s Why Fetch.ai (FET), SingularityNET (AGIX), Ocean Protocol (OCEAN), And ETFSwap (ETFS) Are Rallying

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The crypto market has been pumped with lots of exciting announcements causing many cryptocurrencies to rally. Of them all, ETFSwap (ETFS) , Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are the top ones grabbing the attention of investors. Let's see why each of these cryptocurrencies is rallying and their potential growth.  ETFSwap (ETFS) Presale Rally As Series Of Announcements Excite Investors ETFSwap (ETFS) ,  a decentralized finance platform for trading exchange-traded funds (ETFs) on the blockchain, has been impacted by three major announcements that have caused it to rally. Let's see each of these announcements.  Spot Ethereum ETFs Approval  The recent approval of Spot Ethereum ETF triggered a series of investments from institutional investors. Since it is a platform that allows its users to invest in real-world ETFs using cryptocurrency, it caught the attention of numerous investors looking to invest in the huge ETF market valued ...